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The Natural Order of Money and Why Abstract Currencies Fail — A critical review

Introduction

An article published by Roy Sebag (“RS”) this past March with the above captioned title was recently brought to my attention in the course of an interesting “conversation” on Twitter, which actually included a well-known anthropologist, some crypto people, and some “gold-bugs” inter alia. In this essay, my first on Medium, I shall argue RS fails to properly describe “the Natural Order of Money” with an undisguised attempt to perpetuate a long-ago discredited “intrinsic” value theory.

Barley — Natural “Money”

 

 

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